Recently published research from Business Monitor International, "Thailand Insurance Report Q1 2014", is now available at Fast Market Research
Boston, MA -- (SBWIRE) -- 01/01/2014 -- As of late 2013, most of the trends in Thailand's insurance sector are positive. The economic environment is generally favourable. The resilient non-life companies have been able to pass on (substantially) increased reinsurance costs. Meanwhile, the life segment is growing steadily thanks in part to initiatives by the major life companies in relation to product development and distribution.
Key Insights And Key Risks
BMI continues to rate Thailand as a medium-sized, but rapidly growing insurance market that is undergoing transition. Both segments are rising at double-digit rates. In the life segment, the increase in business is coming - as far as we can see - from the wealthiest 24% of the population that already use life insurance. Over the last year or so, we have highlighted initiatives from the major companies such as: the development of new products; expanded agency networks; increases to agent productivity; bancassurance deals, and the development of direct sales and other distribution channels. In short, life insurance is developing further as an important conduit for those households who can afford it. In the meantime, the revised mortality tables mean that life insurance customers will probably enjoy a reduction in rates and premiums over the next year or so.
View Full Report Details and Table of Contents
About Fast Market Research
Fast Market Research is an online aggregator and distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff will help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Financial Services research reports at Fast Market Research
You may also be interested in these related reports:
- Mexico Insurance Report Q1 2014
- Brazil Insurance Report Q1 2014
- Argentina Insurance Report Q1 2014
- New Zealand Insurance Report Q1 2014
- Bulgaria Insurance Report Q1 2014
- India Insurance Report Q1 2014
- South Korea Insurance Report Q1 2014
- Malaysia Insurance Report Q1 2014
- Indonesia Insurance Report Q1 2014
- Canada Insurance Report Q1 2014
Copyright © 2005-2014 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-593-5640 (International)